Meta’s AI Spending Draws Scrutiny as Analysts Reaffirm Bullish Calls

Overview

• Wall Street maintains a Strong Buy consensus on Meta with a one‑year average target near $831, including RBC at $810 and Morgan Stanley trimming to $750 while staying Overweight.
• Piper Sandler named Meta a top large‑cap pick and characterized concerns over higher capital expenditure as overstated based on expected ad market strength in 2026.
• Recent commentary from Jim Cramer flagged the risk of aggressive capex, estimating spending could reach roughly $100 billion next year and warning new facilities may be outdated on completion.
• Cramer also described the shares as relatively inexpensive at about 22 times next year’s earnings for investors confident in management.
• Meta’s Louisiana data center was announced at $10 billion, though media reports now suggest costs may have risen toward $27 billion, a figure the company has not confirmed.